full image - Repost: 6 characteristics of NFTs that you didn't know (from Reddit.com, 6 characteristics of NFTs that you didn't know)
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In order to understand NFts in depth, it is important to know these 6 particular traits of them.SingularityOne of the most particular characteristics of NFTs is that, unlike cryptocurrency tokens, NFTs are unique, there is no other like it . A Bitcoin that may have “subject A” does not differ in performance compared to another Bitcoin that may have “subject B”.It should be noted that it depends on the NFTs , there are some that exist several of the same type, such as those that are used as rewards or special attributes for characters in games, such as a sword.This feature is given thanks to “Smart contracts” or intelligent contracts in the blockchain.ShortageThe limited creation of NFTs gives them the characteristic that many are scarce. It could be said that NFTs are limited creations, depending on the NFT and what its creator wants.The blockchain allows different types of contracts to be made , so a single NFT can be made (with the ERC-721 smart contract model), or several repetitions of the same (with an ERC-1155 contract).Since the blockchain is public and transparent, the user cannot be deceived , and they can verify if there is more than one smart contract like theirs, and therefore, more than one NFT like theirs.TraceabilityAs the blockchain is public, you can see the entire portfolio history of that same NFT , so you can see from which wallet was first issued and the subsequent owners.Traceability also allows us to identify the authenticity of the NFT itself . This is super important, since the authors' products cannot be counterfeited, unlike the real world, where you can never be 100% sure that what you are buying, whether it is a work of art or a garment from a recognized brand.Indivisibility…or sometimes divisibleNFTs are not like tokens, which can be split up and a portion of one purchased. NFTs cannot be purchased in parts . Just like a person cannot go to the dealership, buy half a car and take it away. Indivisibility is the result of their non-fungibility.However, many NFTs are too expensive, and that has caused the sector to look for alternatives. That is why some decentralized platforms have managed to make the same NFT divisible into different tokens so that it can be traded in the secondary market.At the moment the sector is at a very premature point, and the possible fractionalization of NFTs will come in the future, in order to give more versatility to the sector.ProgrammabilityNFT development are smart contracts written with code , housed in the blockchain and, as such, they can be associated with a code to be programmed to do different actions, as if it were a machine .Programmability makes it possible for the NFT to be exactly as its creator (programmer) desires.InteroperabilityThanks to the standards of NFTs, they can be marketed in different ecosystems . The network with the highest volume of NFT trading is Ethereum.An NFT can appear in different moneros without any problem, as if it were a product that is in different stores.
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